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v3.26.1

Debt and Credit Facilities (Tables) | 6 Months Ended
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Jul. 03, 2026
Debt Disclosure [Abstract] |
Components of debt | The components of the Company’s debt were as follows, net of debt discount and debt issuance costs ($ in millions):
| July 3, 2026 |  | December 31, 2025
Senior term loan facility due 2028 (the “2028 Term Loan”) | $ | 428.2 |  |  | $ | 427.8 |
Senior euro term loan facility due 2028 (the “2028 Euro Term Loan”) | 399.8 |  |  | 410.5 |
Convertible senior notes due 2028 (the “2028 Convertible Notes”) | 493.9 |  |  | 492.5 |
Revolving credit facility due 2028 (the “Revolving Credit Facility”) | 114.4 |  |  | 117.5 |
Total long-term debt | $ | 1,436.3 |  |  | $ | 1,448.3 |
Components of convertible debt | The following table sets forth total interest expense recognized related to convertible notes ($ in millions):
| Three Months Ended |  | Six Months Ended
| July 3, 2026 |  | June 27, 2025 |  | July 3, 2026 |  | June 27, 2025
Contractual interest expense: |  |  |  |  |  |  |
2028 Convertible Notes | $ | 2.2 |  |  | $ | 2.2 |  |  | $ | 4.4 |  |  | $ | 4.4 |
2025 Convertible Notes | — |  |  | 0.5 |  |  | — |  |  | 1.2 |
Amortization of debt issuance costs: |  |  |  |  |  |  |
2028 Convertible Notes | 0.7 |  |  | 0.7 |  |  | 1.4 |  |  | 1.4 |
2025 Convertible Notes | — |  |  | 0.1 |  |  | — |  |  | 0.3 |
Total interest expense | $ | 2.9 |  |  | $ | 3.5 |  |  | $ | 5.8 |  |  | $ | 7.3 |
Components of unamortized debt discount and issuance costs | The remaining unamortized debt issuance costs for debt outstanding were as follows ($ in millions):
| July 3, 2026 |  | December 31, 2025
2028 Convertible Notes | $ | 6.3 |  |  | $ | 7.7 |
2028 Term Loan | 1.8 |  |  | 2.2 |
2028 Euro Term Loan | 0.5 |  |  | 0.6 |
| $ | 8.6 |  |  | $ | 10.5 |

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